U Power enters market validation phase of shared battery swapping solution

seekingalpha02-12

U Power Limited (NASDAQ:UCAR) announced on Monday that the company's shared battery swapping solution designed for both two- and lightweight four-wheeled electric vehicles has entered the market ...

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Upon successful completion of the market validation phase, U Power (UCAR) aims to extend its service by gradually deploying over 200 of their specialized battery swapping stations in additional Chinese provinces, including Shandong, Anhui, and Shanxi.  CEO statement: \"We are confident that our solution will help delivery service providers lower their daily operating costs, while enhancing overall vehicle efficiency. When compared to the cost of purchasing and charging a battery, our leasing system is projected to reduce battery operating expenses by around 30%. 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